NJ Lawmaker Indicted In $5.3M Fraud Case

Law360, New York (December 21, 2012, 8:09 PM EST) -- A New Jersey lawmaker was indicted Friday on charges of stealing nearly $1.9 million in loans for a housing venture and writing more than $3.4 million in bad checks to other creditors that gave him loans or did business with his companies, including a military contractor.

The three-count indictment from a state grand jury charges state Assemblyman Robert Schroeder, R-Bergen, with issuing bad checks, theft by deception and misconduct by a corporate official, according to New Jersey Attorney General Jeffrey S. Chiesa. State authorities previously had...